In today’s chart study of Crompton Greaves Consumer Electricals, I’ve identified a clear bullish divergence forming between price action and RSI. While the stock continued to make lower lows, the RSI has started making higher lows, signaling that downside momentum is weakening.
This divergence, combined with a flattening MACD histogram and a potential crossover setup forming, suggests the stock may be preparing for a short-term bullish reversal.
The price is also trading near a major support zone around ₹275–₹276, which has been defended multiple times. A sustained move above ₹286 could confirm strength and open up room for a meaningful upside.
This setup offers a high-probability opportunity for early entry before the trend shifts. As always, I’ll be watching volumes and confirmation candles for follow-through.
Note:
This analysis is based purely on technical indicators and chart structure. It is not financial advice. Always conduct your own research and use proper risk management before taking any trade.
This divergence, combined with a flattening MACD histogram and a potential crossover setup forming, suggests the stock may be preparing for a short-term bullish reversal.
The price is also trading near a major support zone around ₹275–₹276, which has been defended multiple times. A sustained move above ₹286 could confirm strength and open up room for a meaningful upside.
This setup offers a high-probability opportunity for early entry before the trend shifts. As always, I’ll be watching volumes and confirmation candles for follow-through.
Note:
This analysis is based purely on technical indicators and chart structure. It is not financial advice. Always conduct your own research and use proper risk management before taking any trade.
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